RAY Upgrade: Gas fees down 75% and ERC-20 compatible

Posted by Staked on Jul 9, 2020 4:47:27 PM

RAY recently got an upgrade! We've converted RAY to the ERC-20 standard, had those changes audited by Trail of Bits, and are now rolling it out.

Frame 8.7

Use RAY today: https://staked.us/v/robo-advisor-yield

Below please find some Frequently Asked Questions and technical details regarding the upgrade. 

Why was RAY upgraded?

  • To create a better user experience, reduce gas fees, and make RAY more interoperable with other yield generating opportunities in DeFi. 

What should I expect from RAY in the future?

  • AMM integrations, such as Uniswap, Curve, and Bancor 
  • Additional automated capture of liquidity incentives. RAY already captures and accounts for COMP. We'll add any other liquidity incentives as they launch. Learn more about how RAY handles Liquidity Incentives.
  • New lending opportunities, such as USDT.

What do I do if I have existing ERC-721 RAY tokens?

  • Nothing! This upgrade is backwards compatible and your existing ERC-721 RAY tokens will continue to function as intended. If you wish to change them to the new version, you should withdraw your current RAY and mint a new one from the deposit page.
What can I do with the new ERC-20 RAY tokens?
  • Easily transfer your RAY tokens between Ethereum wallets.
  • (Coming Soon) Earn additional yield on ERC-20 RAYs by supplying liquidity to various Automated Market Makers (AMMs)
  • As an added benefit, RAY now uses ~75% less gas for minting and withdrawals.
How do I create a new RAY token?
  • Select “Open a New RAY” from the Minting & Managing page. Choose an asset to supply (ETH, DAI, USDC, and BUSD) and then the corresponding platforms to lend to. Click “Deposit Funds” to mint a new RAY! You can now view your RAY tokens through “Manage Existing RAYs.”  

We are thrilled to continue to make it easy than ever to earn the highest yield available on USDC, DAI, ETH, and other crypto assets across yield-generating DeFi opportunities.



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About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

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Topics: Ethereum, RAY

RAY (Robo-Advisor for Yield) Now Supported on imToken

Posted by Staked on May 15, 2020 12:49:26 PM

Banner

 

RAY (Robo-Advisor for Yield) is now supported by imToken, one of the leading crypto asset wallets.

imToken is a feature-rich digital wallet that supports ETH, DAI, USDC, and a number of other digital assets. imToken offers a powerful DApp browser and built in DEX.

This post will provide an overview of how to use RAY from imToken. 

Using RAY with imToken

1. Download the imToken app and open the DApp browser by selecting the "Browser" button at the bottom of the page. 

imtoken

 

2. Search for RAY, Robo-Advisor for Yield, RAY, or https://staked.us/v/robo-advisor-yield/ in the DApp Browser.

imtoken copy

 

3. You will now be directed to the RAY landing page. Select the Deposit button and follow the RAY UI to get started.

imtoken-1 

imtoken-2

Have questions? Get in touch with a Staked representative here or visit our landing page for FAQs.


 

Staked Logo

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

Topics: Ethereum, RAY, DAI, USDC, ETH

RAY (Robo-Advisor for Yield) Support for Aave

Posted by Staked on Apr 6, 2020 11:27:07 AM

Frame 8.62

RAY (Robo-Advisor for Yield) now supports on-chain lending to Aave for ETH, DAI and USDC. 

Launched on mainnet in January 2020, Aave is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing.  

To open a new RAY with Aave as a selected opportunity, visit the RAY UI here and select Aave as an opportunity for consideration.

Aave RAY screenshot

Have questions? Find time to speak with an Account Manager here or by sending an email to cole@staked.us.

Thank you for the continued support!


 

About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, ParaFi Capital, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Careers | Telegram

Topics: RAY

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